The rapid growth in US shale fields like the Permian Basin has dramatically altered the outlook for global oil supply and demand.
It’s also forever changed the industry’s competitive landscape at all levels including upstream (producers), downstream (refiners) and midstream (pipelines and storage).
However, arguably the industry to see the largest impact is oilfield services – these companies are in the business of supplying mission-critical services and equipment to global oil producers related to the exploration and development of oilfields.
Some five years ago, we warned that these changes would not be kind to erstwhile high-flyers like deepwater driller Seadrill and sand miner Hi-Crush Partners.
However, the selling pressure has extended far beyond these shaky names to include some of the industry’s largest and most enduring franchises. In this issue we take a closer look at some of the trends and changes underway in the global oil industry and how to play it.
Your complete guide to energy investing, from growth stocks to high-yielders.
In October 2012, renowned energy expert Elliott Gue launched the Energy & Income Advisor, a twice-monthly investment advisory that's dedicated to unearthing the most profitable opportunities in the sector, from growth stocks to high-yielding utilities, royalty trusts and master limited partnerships.
Elliott and Roger on Mar. 31, 2020
Balanced portfolios of energy stocks for aggressive and conservative investors.
Our take on more than 50 energy-related equities, from upstream to downstream and everything in between.
Our assessment of every energy-related master limited partnership.
Roger Conrad’s coverage of more than 70 dividend-paying energy names.